Other data on housing have been soft or mixed. A government report last week showed the median price for a new U.S. home increased in April to the highest level since December 2017 while sales eased from the prior month. Existing home sales, which make up the majority of the U.S. housing market, unexpectedly fell in April while building permits for new single-family homes fell to the lowest level in almost two years.

Source: Los Angeles Times May 28, 2019 15:11 UTC